Fleet News

Leasedrive wins salary sacrifice contract with RSM Tenon

The Leasedrive Group has won a four-year contract to supply its mycar salary sacrifice scheme to RSM Tenon who employs nearly 3,000 people across the country.

Paul Fleming, sales and marketing director, at Leasedrive, said: “As one of the UK’s leading accountancy firms, RSM Tenon has for many years been encouraging car salary sacrifice scheme take-up to clients in the private and public sectors. The firm fully appreciates the tax efficiency of such schemes. It represents a tremendous employee benefit which can be offered at little or no cost to the employer. At the same time, it eliminates the ‘grey’ fleet risk, which can carry a significant but largely unrecognised cost.

“Through the mycar solution, RSM Tenon employees can now enjoy the use of a more fuel efficient, fully serviced and maintained new car backed by comprehensive business insurance, all at a fixed budgeted monthly cost.

“As part of the implementation process, we have undertaken an employee survey to determine the optimum employee car choice for RSM Tenon’s employees and produced a bespoke mycar website.”

Steve Field, head of reward/human resources, at RSM Tenon commented: “We went out to tender in December last year to ensure that we appointed the right partner with the right scheme to provide a car salary exchange scheme to our employees.

“The cost and environmental savings of a car salary exchange scheme are clearly demonstrable and we expect to see sizeable take-up from our employees as the benefits of the mycar scheme are actively promoted throughout our business. Communication of these benefits is key and with Leasedrive we are organising events at 16 offices to launch the mycar scheme.”

Under the mycar initiative, employees sacrifice some of their salary in exchange for a brand new vehicle which is fully serviced and maintained. The employee saves tax and national insurance on the money sacrificed, making it a very cost effective way of leasing a car.

Click here for fleet funding best practice and procurement insight

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee